TH Holdings Exits with Wynnchurch Support
Deal News | Dec 02, 2024 | Wynnchurch Capital
Wynnchurch Capital, a prominent middle-market private equity firm, announced the successful sale of TH Holdings, a diversified industrial manufacturer. TH Holdings comprises renowned brands such as Texas Hydraulics, Hydromotion, and Oilgear, specializing in engineered hydraulic components. The sale marks a significant chapter for Wynnchurch, which invested in TH Holdings to leverage its engineering prowess and manufacturing excellence across challenging environments. Under Wynnchurch's ownership, TH Holdings experienced strong growth with innovative service offerings, setting a robust foundation for future success. Patrick Taylor, CEO of TH Holdings, acknowledged Wynnchurch's support in driving business strategy and continuous improvement. Financial advising for the transaction was provided by Lazard Frères & Co LLC and Lincoln International, with legal assistance from Perkins Coie LLP. Wynnchurch's strategy focuses on fostering growth in middle-market U.S. and Canadian companies with potential for substantial development. Its asset management extends to numerous private equity funds totaling $9.2 billion, with a keen interest in recapitalizations and management buyouts.
Sectors
- Private Equity
- Industrial Manufacturing
Geography
- United States – Wynnchurch Capital is based in Rosemont, Illinois, and TH Holdings operates within the U.S. market.
- Canada – Wynnchurch Capital has an affiliate in Canada, expanding its investment strategy across North America.
Industry
- Private Equity – Wynnchurch Capital is a private equity firm involved in middle-market investments and has managed the sale of TH Holdings.
- Industrial Manufacturing – TH Holdings, including Texas Hydraulics, Hydromotion, and Oilgear, operates in industrial manufacturing, providing hydraulic components.
Financials
- 9.2 billion – Wynnchurch Capital's regulatory assets under management across various private equity funds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wynnchurch Capital | PE Firm | Company | A leading middle-market private equity firm managing multiple funds with assets worth $9.2 billion. |
| TH Holdings | Target Company | Company | A diversified industrial manufacturer comprising Texas Hydraulics, Hydromotion, and Oilgear. |
| Lazard Frères & Co LLC | Financial Advisor | Company | Served as financial advisor to Wynnchurch in the TH Holdings transaction. |
| Lincoln International | Financial Advisor | Company | Provided financial advisory services for the sale of TH Holdings. |
| Perkins Coie LLP | Legal Advisor | Company | Offered legal advice to Wynnchurch during the transaction of TH Holdings. |
| Patrick Taylor | CEO | Person | CEO of TH Holdings during the sale and transition period. |
| Frank Hayes | Managing Partner | Person | Managing Partner at Wynnchurch Capital overseeing the firm's investment activities. |
| JD Frank | Principal | Person | Principal at Wynnchurch Capital contributing to the firm's strategic growth initiatives. |